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Dec 5, 2012
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interestingly this is the first move toward really slimming down citi by the new ceo. he has a quote in here saying these actions are logical next steps in citi's transformation and says they're committed to strategy that continues to leverage in the global banking market. if you go through the list of where these jobs are actually coming from, institutional clients group which is investment banking a quarter of the job cuts are going to come from there. my 2013 predictions i said that group would slim down by half. interesting that they are cutting a big chunk of that group. global consumer banking is responsible for 35% of the cuts and then going on through the other business lines like citi holdings, those are responsible for smaller portion of those jobs. citi getting smaller. a billion dollars going to be the pretax charge in the fourth quarter of next year. 11,000 jobs a big move from the new ceo over there. carl? >> all right. thank you very much, kayla. we're reading through the release right now ourselves. big strategic move. >> how many people work at this ba
interestingly this is the first move toward really slimming down citi by the new ceo. he has a quote in here saying these actions are logical next steps in citi's transformation and says they're committed to strategy that continues to leverage in the global banking market. if you go through the list of where these jobs are actually coming from, institutional clients group which is investment banking a quarter of the job cuts are going to come from there. my 2013 predictions i said that group...
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Dec 19, 2012
12/12
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the cast of new york city ballet's production of the nutcracker at the nasdaq. habitat for humanity doing the honors there. certainly a lot to watch for. the euro is close to 133. 132.9 right now. that's signaling to the markets perhaps a risk on, after a two-month high in stocks yesterday, jim. >> a lot of companies had to caveat their quarters about what the strong dollar has done. we're not going to hear that next year at this time. we may hear that in the first quarter. a lot of companies, it took -- really took the wind out of the sails that you had in the currency problem. that goes away. the quarters are going to look much better. carl, you said 2013 could be different. and that is whae'reg to figure out. different in a lot of ways that seem positive. people confused at home, this is the fiscal cliff, is it the most important issue. how about a deal where you don't have too much belt tightening and you get the dollar going the right way, all this cash. >> a positive sign to that point, jim, is what we're seeing in the bond markets. we're finally seeing wh
the cast of new york city ballet's production of the nutcracker at the nasdaq. habitat for humanity doing the honors there. certainly a lot to watch for. the euro is close to 133. 132.9 right now. that's signaling to the markets perhaps a risk on, after a two-month high in stocks yesterday, jim. >> a lot of companies had to caveat their quarters about what the strong dollar has done. we're not going to hear that next year at this time. we may hear that in the first quarter. a lot of...
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Dec 6, 2012
12/12
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break grouped on three new locations here in the city. he'll join us live next. [ male announcer ] at scottrade, you won't just find us online, you'll also find us in person, with dedicated support teams at over 500 branches nationwide. so when you call or visit, you can ask for a name you know. because personal service starts with a real person. [ rodger ] at scottrade, seven dollar trades are just the start. our support teams are nearby, ready to help. it's no wonder so many investors are saying... [ all ] i'm with scottrade. it's no wonder so many investors are saying... wooohooo....hahaahahaha! oh...there you go. wooohooo....hahaahahaha! i'm gonna stand up to her! no you're not. i know. you know ronny folks who save hundreds of dollars switching to geico sure are happy. how happy are they jimmy? happier than a witch in a broom factory. get happy. get geico. fifteen minutes could save you fifteen percent or more. or that printing in color had to cost a fortune. nobody said an all-in-one had to be bulky. or that you had to print from yo
break grouped on three new locations here in the city. he'll join us live next. [ male announcer ] at scottrade, you won't just find us online, you'll also find us in person, with dedicated support teams at over 500 branches nationwide. so when you call or visit, you can ask for a name you know. because personal service starts with a real person. [ rodger ] at scottrade, seven dollar trades are just the start. our support teams are nearby, ready to help. it's no wonder so many investors are...
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Dec 3, 2012
12/12
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where do you think vegas fits on that map, and what's the trajectory for the city on that front? >> it's the fastest growing part of everything we have been working on. two years ago, the vegas tech start-up scene was virtually nonexistent. and we've had several companies just ones i happen to know of, there's been ten tech start-up companies that relocated from other states to downtown vegas. so, for example, one of the companies is remotive. they make iphone-powered robots and moved to downtown vegas about a year ago, originally three people from seattle. they had considered silicon valley but then we recruited them to downtown vegas and now they're at about 20 people. and recently announced $5 million in funding from sequoia capital. so it's really happening here and it's pretty exciting to be part of it. >> yeah, and the city definitely needs it. that would be great if it could catch fire and sounds like it is. talk to me about retail. how did cybermonday go? how are you feeling about the season at large? there's been some discussion about how good the numbers looked overall
where do you think vegas fits on that map, and what's the trajectory for the city on that front? >> it's the fastest growing part of everything we have been working on. two years ago, the vegas tech start-up scene was virtually nonexistent. and we've had several companies just ones i happen to know of, there's been ten tech start-up companies that relocated from other states to downtown vegas. so, for example, one of the companies is remotive. they make iphone-powered robots and moved to...
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Dec 14, 2012
12/12
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>> the benefit to the city is if it's better for passengers, it's better for the city. >> how long do i have to stand with my arm out whilst taxis pass me with lights off? because someone hailed them halfway across manhattan? >> i think the main way people get taxis is the old-fashioned stick your hand in the air. especially during the day in midtown, downtown. i don't drivers will need this app to find passengers. there are plenty of passengers. this app will be most useful late at night, on the edges of the taxi service area. that way, a taxi knows there's somebody three, four blocks away. >> didn't they try this in the 1980s? wasn't it abandoned because it didn't work, because there weren't enough taxis to fulfill the plan to come through? >> in the old day, it was both by radio and street hail. then they created the black car and car service industry. but now, with technology, you can have a car do both of these, and they can figure out the most efficient way to operate themselves. you know, we think you let the market figure out what's the most efficient. >> you have to think, in
>> the benefit to the city is if it's better for passengers, it's better for the city. >> how long do i have to stand with my arm out whilst taxis pass me with lights off? because someone hailed them halfway across manhattan? >> i think the main way people get taxis is the old-fashioned stick your hand in the air. especially during the day in midtown, downtown. i don't drivers will need this app to find passengers. there are plenty of passengers. this app will be most useful...
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Dec 10, 2012
12/12
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only citi price rewind automatically searches for the lowest price. and if it finds one, you get refunded the difference. just use your citi card and register your purchase online. have a super sparkly day! ok. [ male announcer ] now all you need is a magic carriage. citi price rewind. start saving at citi.com/pricerewind. >>> i wanted to update our viewers on shares of hewlett-packard. you may have noticed one point eclipsing up 4.5% today. now taking off some of those gains, but still up almost 3%. a lot of chatter continues to be centered on the idea of potentially breaking the company up. some people would say you certainly do get a fairly big number. let's not forget it's not the hp of packard and hewlett. this argument continues to be out there. and then you'll start to hear rumors about a potential activist. let's not forget they already have an activist on the board of directors, ralph whitworth, owns a stake in the company and a director at this point. while we'll probably continue to hear this, i can tell you at this point that though it wil
only citi price rewind automatically searches for the lowest price. and if it finds one, you get refunded the difference. just use your citi card and register your purchase online. have a super sparkly day! ok. [ male announcer ] now all you need is a magic carriage. citi price rewind. start saving at citi.com/pricerewind. >>> i wanted to update our viewers on shares of hewlett-packard. you may have noticed one point eclipsing up 4.5% today. now taking off some of those gains, but...
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Dec 7, 2012
12/12
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only citi price rewind automatically searches for the lowest price. and if it finds one, you get refunded the difference. just use your citi card and register your purchase online. have a super sparkly day! ok. [ male announcer ] now all you need is a magic carriage. citi price rewind. start saving at citi.com/pricerewind. >>> marijuana possession becoming legal under washington state law on thursday. for those who are 21 and older. as marijuana legalization supporters rejoice, marijuana still remains illegal under federal law of course and the white house is weighing the response of federal law enforcement on that front. steve fox is director of state campaigns and government relations for the marijuana policy project. he joins us this morning from washington. steve, good morning to you. >> good morning. thanks for having me. >> just so i know, are you high right now? we've had some people on television the last couple of days on various channels who admit not to be. >> right. i'm not. are you drunk? >> fair enough. i want to know where we're headed.
only citi price rewind automatically searches for the lowest price. and if it finds one, you get refunded the difference. just use your citi card and register your purchase online. have a super sparkly day! ok. [ male announcer ] now all you need is a magic carriage. citi price rewind. start saving at citi.com/pricerewind. >>> marijuana possession becoming legal under washington state law on thursday. for those who are 21 and older. as marijuana legalization supporters rejoice,...
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Dec 11, 2012
12/12
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the press conference taking place in new york city. there's richard anderson who has just taken the podium here in new york city. they're going to be announcing not only the outline of the terms of this deal but a little bit of the philosophy behind why delta is buying this stake. let's take a look at the terms of the deal. delta buying 49% stake in virgin atlantic. basically buying the singapore airline stake. that's $360 million is how much it's costing. the virgin atlantic brand remains. that's critical here. just a few minutes ago richard branson said ignore all the speculation that i'm going somewhere. i'm going nowhere. he plans to remain ceo of virgin atlantic. why is delta doing this? this is all about increasing exposure to the london market. specifically the slots at heath row. when you look at all the flights that are going to be added to the delta network through its alliance here with virgin atlantic from the new york market, this is very, very lucrative for delta. particularly when you're talking about the corporate custo
the press conference taking place in new york city. there's richard anderson who has just taken the podium here in new york city. they're going to be announcing not only the outline of the terms of this deal but a little bit of the philosophy behind why delta is buying this stake. let's take a look at the terms of the deal. delta buying 49% stake in virgin atlantic. basically buying the singapore airline stake. that's $360 million is how much it's costing. the virgin atlantic brand remains....